Tuesday, May 05, 2009

A new appreciation of the economics of the deal


Counterpoint: "In considering the President's words and exercising our best investment judgment, we concluded that the risks of potentially severe capital loss that could arise from fighting this in bankruptcy court far outweighed any realistic potential upside," PWP said. Hmmm... How to translate this from shysterese?

[[Added illus. -- Rot]]

8 comments:

Mr roT said...

Here's hoping Lauria sticks to his story.

Tecumseh said...

Playing by Chicago rules.

Tecumseh said...

More: The astonishing part is that the Obama administration, if one is to believe Thomas Lauria, believes that it can rely on the White House press corps to do its bidding insofar as ruining the reputation of an opponent of the administration it is covering. Technically, the White House press corps does not work for the White House.You don't say.

It is no secret that the White House press corps loves President Obama.No kiddin'.

Tecumseh said...

Hardball.

Mr roT said...

Whoa! 2nd comment, Lauria is not fucking backing down! Powww!

Mr roT said...

At first it's laughable to imagine Gibbs taking you down, but the point is that all the rest are so (what was AA's proposed acronym for the AP?) prone that it's really a whole army.

It's that enemy of the people shit all over again, like they went after Joe the Plumber with.

Mr roT said...

Hardball indeed.

Mr roT said...

Here a press fellator wiping his chin off.